Raymond James Downgrades Carvana to Underperform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Mitch Ingles downgraded Carvana (NYSE:CVNA) from Market Perform to Underperform, indicating a negative outlook on the company's stock.

February 16, 2024 | 11:25 am
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Carvana was downgraded by Raymond James from Market Perform to Underperform, suggesting a bearish outlook.
The downgrade by a prominent analyst firm like Raymond James typically signals a negative short-term outlook on the stock, potentially leading to a decrease in investor confidence and a drop in stock price.
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